Diving Deep into Today’s Biggest Buyer Concerns Last week, Fannie Mae released their Home Purchase Sentiment Index (HPSI). Though the survey showed 77% of respondents believe it’s a “good time to sell,” it also confirms what many are sensing: an increasing number of Americans believe it’s a “bad time to buy” a home. The percentage of those surveyed saying it’s a “bad time to buy” hit 64%, up from 56% last month and 38% last July. The latest HPSI explains, “It’s likely that affordability concerns are more greatly affecting those who aspire to be first-time homeowners than other consumer segments.” Let’s look closely at the market conditions that impact home affordability. A mortgage payment is determined by the price of the home and the mortgage rate on the loan used to purchase it. Lately, monthly mortgage payments have gone up for buyers for two key reasons: >>Mortgage rates have... #Bgroup #Prescott #Realtor #Homes #Smart

Diving Deep into Today’s Biggest Buyer Concerns Last week, Fannie Mae released their Home Purchase Sentiment Index (HPSI). Though the survey showed 77% of respondents believe it’s a “good time to sell,” it also confirms what many are sensing: an increasing number of Americans believe it’s a “bad time to buy” a home. The percentage of those surveyed saying it’s a “bad time to buy” hit 64%, up from 56% last month and 38% last July. The latest HPSI explains, “It’s likely that affordability concerns are more greatly affecting those who aspire to be first-time homeowners than other consumer segments.” Let’s look closely at the market conditions that impact home affordability. A mortgage payment is determined by the price of the home and the mortgage rate on the loan used to purchase it. Lately, monthly mortgage payments have gone up for buyers for two key reasons: >>Mortgage rates have... #Bgroup #Prescott #Realtor #Homes #Smart - 928-227-8575
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